Compare: Great Depression to Great Recession

[silverhawks]

Great Depression vs. 'Great Recession'

Got to love the stats in here, especially the Emergency Spending Programs one.

I think it might be a bit off.

Financial Rescue Nears GDP as Pledges Top $12.8 Trillion

 

[sevin]

What a joke. The comparison is meaningless until the current recession is over.

 

[Zippyjuan]

The $12 trillion in money includes all the value of all the loans and bank deposits, etc which the government said they would back up. They have not actually spent or loaned out $12 trillion. It will only cost that much if everything they say they will back up actually fails. Note the use of the word "pledge" used before the dollar figure. It has not cost $12 trillion in government spending so far. But the comparisons in the chart are ineresting because they show how far we would have to go to get to the conditions of the Great Depression.

 

[jclay2]

All I could think of when I looked at this chart was those morons screaming for a bailout in September. "The Sky is Falling, The Sky is Falling....."

As far as the spending programs number, that is a joke. We are easilly increasing this coming years budget by 1.5 trillion, which would be more than 10%.